Eni SpA Third Quarter Earnings Call
Dec 06, 3:05 PM EST |
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| Net profit dropped 27.7%, to 1.9 billion euros ($2.8 billion), from 2.6 billion euros ($3.8 billion), a year ago. |
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| The 17% decrease in the Italian oil and gas company’s net adjusted profit mainly reflects the impact of the decrease in adjusted operating profit due to a weak performance in the upstream and downstream oil businesses and higher adjusted tax rate. Oil and gas production declined 2.9% from a year ago, to 1.66 million barrels a day, while capital expenditure rose 46%. The company backed its full year EPS guidance of 2.56 euros ($3.70). |
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Lowe's Third Quarter Earnings Call
Dec 06, 2:07 AM EST |
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| Earnings decreased by 10.2% from $716 million or 46 cents in 2006 to $643 million or 43 cents due to a growth in expenses. |
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| The home improvement retailer reported a 3.2% increase in sales to $11.6 billion, falling short of expectations, but disciplined expense management and ongoing safety initiatives combined with rational and targeted promotions enabled the firm to deliver EPS at the low end of guidance. Many external factors contributed to the weak sales environment, including a continuing housing correction, drought conditions in several U.S. markets, and slower than expected sales in Gulf Coast markets. |
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Wells Fargo Third Quarter Earnings Call
Dec 05, 3:55 PM EST |
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| Profit was $2.28 billion, or 68 cents per share, representing a 4% increase from net income of $2.19 billion, or 64 cents per share, a year ago. |
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| The fifth largest U.S. bank’s revenue climbed 10% to $9.85 billion. The company recognized $153 million in losses on home equity loans in the latest three months, up from $27 million in losses a year ago. The overall loan losses were $892 million, up 46% from $613 million last year. The losses account for 1% of the company’s total loan portfolio, up from 0.86% a year ago. Payments on $1.26 billion in loans were at least 90 days late, the management said. |
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StatoilHydro ASA Third Quarter Earnings Call
Dec 05, 2:47 PM EST |
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| Net income rose 28% to NOK10.6 billion, helped by foreign currency gains. |
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| StatoilHydro total revenue rose to NOK109.5 billion from NOK108.1 billion a year earlier. The company completed the merger between Statoil and Hydro''s oil and gas activities. Average daily production of oil and natural gas declined 2% to 1.056 million barrels of oil equivalent from a year earlier. Net operating income declined 19% from a year earlier, due partly to a 15% decline in natural gas prices when measured in kroner, which strengthened against the dollar. |
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Dollar Tree Stores Third Quarter Earnings Call
Dec 05, 1:02 PM EST |
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| Earnings increased by 19% to $36 million or 38 cents on growth in comparable store sales and improvements in gross margin. |
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| The operator of single-price point dollar stores reported a 10% rise in sales to $997.8 million, from $910.4 million in the prior year with the expansion of every day basics in the merchandise assortment despite macroeconomic pressures. The firm’s investments in infrastructure continued to translate into better inventory management, more efficient stores, improved in-stock position, and a better overall shopping experience for customers. |
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American Eagle Outfitters Third Quarter Earnings Call
Dec 04, 3:21 PM EST |
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| Net income dropped to $99.4 million, or 45 cents per share, from $100.9 million, or 44 cents per share a year ago. |
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| The quarterly profit was hurt by the higher costs of sales and the growing buying, occupancy and warehousing costs, which climbed to 52.6% of sales compared to 50.5% a year ago. Revenue jumped 7% to $744.4 million from $696.3 million in the third quarter of 2006. Same-store sales increased 2%. American Eagle had 9,615 fewer shares outstanding in the latest quarter, which helped the company’s per share results. |
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Dell Third Quarter Earnings Call
Dec 04, 8:09 AM EST |
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| Profit grew 27% to $766 million, buoyed by growth in overseas markets like Brazil and by prices falling for memory chips and other components. |
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| The computer maker reported revenue increase of 9% to $15.64 billion, beating estimates of $15.35 billion. Dell experienced rapid growth in countries like Brazil, where revenue grew 45% and India with a 47% revenue increase. Revenue for Dell''s U.S. consumer business fell 6%. The company incurred a $50 million charge, equal to 2 cents a share, for costs related to work force cuts. The company no longer provides a specific outlook in its earnings statements. |
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Tiffany Third Quarter Earnings Call
Dec 03, 12:59 PM EST |
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| Net income jumped to $98.9 million, or 71 cents per share, from $29.1 million, or 21 cents per share, a year ago. |
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| The jewelry and luxury goods retailer added that excluding a gain of 48 cents per share on the sale-leaseback of the Tokyo flagship store, net income was 23 cents per share. Sales climbed 18% to $627.3 million from $531.8 million a year ago, bolstered by a 9% gain in global same store sales. The company boosted its outlook for fiscal 2007 to a range of $2.25 to $2.30 per share, excluding charges and gains, from the earlier outlook of $2.22 to $2.27 per share. |
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Limited Brands Third Quarter Earnings Call
Dec 01, 2:02 AM EST |
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| Sales fell 10% to $1.9 billion due to weaknesses in the stores channel and reduced mall traffic. |
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| The specialty retailer reported a 48% drop in income to $12.1 million or 3 cents a share, driven by Victoria''s Secret Direct and the challenges related to the distribution center. The firm reviewed downwards its earnings outlook due to a drop in projections across all segments as a result of the difficult environment and negative traffic trend. The firm is now reevaluating its timing and approach to ongoing technology initiatives in order to minimize the disruptions to the business. |
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Intuit First Quarter Earnings Call
Dec 01, 1:58 AM EST |
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| Net loss improved to $20.8 million or 6 cents a share, from $58.9 million or 17 cents a share in 2006, on revenue growth. |
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| The software solutions firm realised revenue of $445 million, up 27% from the prior year driven by strong performance in Small Business and the acquisition of Digital Insight. Key products, QuickBooks 2008 and Payroll and Payments growth continues to be strong and with the imminent launch of TurboTax the outlook is bright. The firm reaffirmed its second quarter revenue and earnings per share guidance of $833 million and 34 cents, respectively. |
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